Economic measures to bear fruit next year: Finance Minister
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Finance Minister Apisak Tantivorawong insisted today that the government's stimulus measures would boost the Thai economic growth in 2016 above this year's level.
At the fourth meeting with a committee tasked to steer the economy today, he said the measures should show material results from January onwards.
The Finance Ministry targets 2.8 per cent growth rate for 2015.
At the meeting, the Transport Ministry's representative assured all that the budget disbursement for infrastructure projects would be sped up in the 2017 fiscal year, which should restore confidence among local and foreign investors.
The Board of Investment was also instructed to encourage companies winning investment privileges in implementing their projects.
Apisak revealed that out of Bt60 billion allocated for the village fund scheme, about Bt33 billion has been allocated.
Under the SME soft-loan scheme worth Bt100 billion, applications for loans worth totally Bt19 billion have been approved.
Under the Bt10 billion first-home buyer scheme, applications for loans worth about Bt7 billion have been submitted and applications for Bt2 billion loans have been approved.
